C2: Innovation

Question 1

Sustainable Solution Definition

Answer 1

Long lasting environmentally responsible solution for the business, society and all users.

Question 2

Innovation Definition

Answer 2

Solution sold and used by multiple users and contains all stages of innovation process

Question 3

Innovation Process (4)

Answer 3

1. Idea Generation
2. Development (R&D)
3. Commercialization
4. Implementation

Question 4

Sustainable Innovation Definition

Answer 4

Intentional alterations to organizations operations to create long-term environmental and social benefits while ensuring profits for business

Question 5

Richard Adams points out that initial research on sustainable development has a_____ vision which means

and instead of analyzing…..

Answer 5

dichotomous vision (eco-responsible or not eco-responsible)

environmental orientation/innovation

Question 6

SOI

Answer 6

Sustainable Oriented Innovation

Question 7

Achieving sustainability requires 3 significant levels of innovation

Answer 7

Technological
Organizational
Institutional / Social

Question 8

Technological Innovation (3)

Answer 8

Products, Process, System infrastructure

Question 9

Organizational Innovation (3)

Answer 9

1. Technological Innovation Components
2. Delivery Model
3. Business Model

Question 10

Institutional / Social Innovation (4)

Answer 10

1. Technological Innovation Components
2. Organizational Innovation Components
3. Production System
4. Consumption System

Question 11

Sustainable Innovation 3 stages of impact

Answer 11

Operational, Organizational, System

Question 12

Sustainable Innovation Impact: Operational Level

1. Saying
2. Definition

Answer 12

1. “Doing same things better”
2. reduce current environment and social impacts with techno-fixes and without changing business model

Question 13

Sustainable Innovation Impact: Organization Level

1. Saying
2. Definition

Answer 13

1.”Doing good by doing new things”
2. Serve market with new sustainable products. Operations are internally focused and independent in economy

Question 14

Sustainable Innovation Impact: System Level

1. Saying
2. Definition

Answer 14

1. “Doing good by doing new things with others”
2. operations are interdependent and in collaboration with other organizations to create positive impact on society and environment

Question 15

New Innovation vs Sustainable Innovation: Deliverables

Answer 15

New Innovation: Delivers economic performance
Sustainable Innovation: Delivers economic, enhanced environmental, and social performance

Question 16

Bounce Effect and what does it require

Answer 16

Change that is thought to make a net positive impact results in the opposite effect. Requires continuous improvement

Question 17

UN eco-innovation 5 drivers

Answer 17

1. New emerging market access
2. Increase profitability in value chain
3. Ahead of standard and regulation
4. Attract investment
5. increase productivity & technical capacity

Question 18

UNEP sustainability aspects (2)

Answer 18

• life cycle thinking
• cooperation with partners across value chain

Question 19

Life Cycle Perspective Thinking

Answer 19

All phases of product life cycle considered across value chain: material process, manufacture, distribution, use and repair, maintenance, disposal or re-use

Question 20

Sustainable Innovation Donut
1. what is it?
2. Describe the rings

Answer 20

1. Balancing benefits for society, nature and shareholders.
2. Outer ring: Ecological ceiling
   Middle: Humanity desired space, Regenerative & Distributed Economy
   Inner: Social Foundation

Question 21

6 Characteristics of Sustainable Innovation

Answer 21

1. Environment Responsibility
2. Social Impact
3. Renewable Energy and Clean Tech
4. Economic Viability
5. Innovative Business Model
6. Collaboration and Partnership

Question 22

Bottom Line vs Triple Bottom Line

Answer 22

Bottom Line: Profits
Triple Bottom Line: Profits, People, Planet

Question 23

Triple Bottom Line Pairs:
1. Bearable
2. Equitable
3. Viable

Answer 23

Triple Bottom Line Pairs:
Bearable: People and Planet
Equitable: Profit and People
Viable: Profit and Planet

Question 24

Sustainable Innovation: Key Focus

Answer 24

Address environmental, social and economic challenges

Question 25

Sustainable Innovation: Approach

Answer 25

Build upon existing technologies and improve to minimize negative impacts

Question 26

Disruptive Innovation: Key Focus

Answer 26

Target established industries/markets by creating new products to shift status quo

Question 27

Disruptive Innovation: Approach

Answer 27

Radical or breakthrough ideas/technology.

Question 28

Sustainable Innovation: Goal

Answer 28

Create positive impacts and ensure well-being of current and future generations

Question 29

Disruptive Innovation: Goal

Answer 29

Upend existing systems, create new opportunities and market dynamics

Question 30

Sustainable Innovation: Time Frame and change speed

Answer 30

Incremental and evolutionary, gradual and long term change

Question 31

Disruptive Innovation: Time Frame and change speed

Answer 31

Quickly, rapid, distrust establish industries, reshape market in short period

Question 32

Why is sustainability paradoxical at national level

Answer 32

Original processes would have had to have left a negative impact in the first place

Question 33

Describe one process of the sustainability paradoxical at national level

Answer 33

1. Good policies means GDP for countries 2. economic prosperity with industrialization and urbanization created strains on ecosystem 3. Now countries are decarbonizing original prosperous sectors

Question 34

Economy

Answer 34

production, distribution, exchange and consumption of g/s

Question 35

Ecology

Answer 35

relationship between organisms and environments

Question 36

Eco-preneurship

Answer 36

human innovation to expand/maintain natural resources and improve environment quality

Question 37

Eco-preneurship Perspective

Answer 37

Incorporate environmentally responsible in operation and goals

Question 38

5 Challenges with Eco-preneurship

Answer 38

1. Declining Resources 2. Brownfield markets 3. Scale, reliability, cost 4. Overdetermined uncertainties 5. Breakthrough Bias